Greens take aim against oil shale

March 19, 2009

The U.S. is the “Saudi Arabia” of oil shale, a potentially huge domestic resource of oil. As current technologies for processing oi shale require substantial amounts of water, oil companies are naturally purchasing water rights in the West.

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One Response to “Greens take aim against oil shale”

I frequently marvel at the fact that the US has an overwhelming abundance of coal – and it has been demonized as “too dirty”.
We have an abundance of shale oil – and it has likewise been demonized.
In any case, I expect the greenies subversion to fail. In my state there is a shale formation now undergoing production. It’s a different shale and it makes gas rather than oil.
The key fact is that the “communities, farmers and ranchers” all get generous royalty checks. The drilling goes horizontal and in addition to those listed above, airports, homeowners, neighborhoods, city parks, high schools, universities, etc., receive royalties, having never seen the drill rig.
So, Colorado, glad to see you don’t need the money, jobs and so forth.
Happy Trails!